Soft US Jobs Cast Doubt on September Fed Hike
Jennifer McKeown, Chief Global Economist at Capital Economics, discussed the implications of the recent US labor market report on Federal Reserve interest rate expectations. The report showed a decline in payrolls alongside a drop in the unemployment rate, presenting a mixed picture. Wage growth at 3.2% was softer than expected, which may reduce the likelihood of an imminent rate hike in…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
